Private equity firm Kuramo Capital and a group of Kenyan investors, including Peter Kanyago, Anne Gachui, Zephaniah Mbugua, Eddy Njoroge and Joseph Magari, are staring at a combined loss of more than Sh14 billion from the bankruptcy of TransCentury and its key subsidiary East African Cables.
The shares of the two companies were suspended from trading on the Nairobi Securities Exchange effective Monday after they were seized by their main creditor—Equity Bank Kenya Limited—following defaults on Sh4.7 billion loans.
